Seagate Technology (NYSE: ALK) reported first-quarter 2022 financial results before the regular market hours on Friday. The company reported Q1 revenue of $3.12 billion, up 35% year-over-year and higher than the Wall Street projection. Net income of $2.35 per share was also well above the target that analysts had anticipated.
STX shares rose 4% immediately following the announcement. The stock has gained 36% since the beginning of this year.
